Silicon Valley Capital Partners Increases Stock Position in American Express Company $AXP

Key Points

• Silicon Valley Capital Partners increased its American Express stake by 14.9% in the second quarter, ending with 41,480 shares valued at approximately $14.03 million.
• Institutional ownership remains high at 84.33%, with several funds initiating or expanding positions. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $373.32.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $14.99 billion, below the $19.70 billion consensus estimate.

Silicon Valley Capital Partners lifted its stake in American Express Company (NYSE:AXP) by 14.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,480 shares of the payment services company's stock after acquiring an additional 5,365 shares during the quarter. American Express accounts for about 1.3% of Silicon Valley Capital Partners' investment portfolio, making the stock its 24th largest holding. Silicon Valley Capital Partners' holdings in American Express were worth $14,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA purchased a new position in American Express in the second quarter worth about $96,000. Reynders McVeigh Capital Management LLC lifted its stake in shares of American Express by 1,439.5% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 58,210 shares of the payment services company's stock worth $19,690,000 after purchasing an additional 54,429 shares during the period. Bullseye Investment Management LLC bought a new position in shares of American Express in the 2nd quarter worth approximately $1,141,000. Junto Capital Management LP purchased a new position in shares of American Express in the second quarter worth approximately $104,133,000. Finally, Bouchey Financial Group Ltd. boosted its holdings in shares of American Express by 16.9% in the second quarter. Bouchey Financial Group Ltd. now owns 1,054 shares of the payment services company's stock worth $357,000 after buying an additional 152 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AXP. HSBC upped their target price on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Benchmark began coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating for the company. Jefferies Financial Group raised American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express currently has an average rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

Shares of AXP traded up $2.40 during mid-day trading on Monday, reaching $313.96. The stock had a trading volume of 2,415,363 shares, compared to its average volume of 3,223,413. The firm has a market cap of $212.02 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.32 and a beta of 1.05. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The business has a fifty day moving average of $336.43 and a 200 day moving average of $324.64. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company's revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts predict that American Express Company will post 17.68 EPS for the current year.

American Express Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

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